unapproved 2018 accounts
DORNOCH & DISTRICT ANGLING ASSOCIATION
TREASURER’S REPORT FOR THE 2018 SEASON
A copy of the audited Income & Expenditure Account and Balance Sheet for the year ended 31 December 2018 follows this report.
INCOME
Income, excluding Donations, amounted to £8,071 an increase of £775, (10.62%)
Total permit income of net £5,026 shows an increase of £427 (9.28%). Member permits were up (13.13%) and visitor revenue was up 2.71%
EXPENDITURE
Stocking
£3,594 was spent on stocking, an decrease of £358 (9.06%) over the previous year. A total of 1,359 rainbow fish, weighing 1,735lb were stocked in 2018 compared to 1,221 fish weighing 1,732lbs in 2016.
Lease
Lease costs were unchanged.
Repairs and Maintenance
The repairs & maintenance costs has been increased to £67.00 (67.50%).
Commission
The Eagle Hotel has completed another year as the club’s agents for issuing permits. Thanks again to Eric and Suzie.
The commission due to them is £578.62.
CAPITAL EXPENDITURE
The committee is investigating the possibility of buying a second boat trailer, making the removal of the boats easier.
FIXED DEPOSIT
The lack of deposit facilities being offered by our bankers continues. The club’s surplus funds are still invested, in my wife's name, to produce a return and the security remains in place. The current deposit matures in early 2019. Rates are expected not to vary too much from their current levels, despite the recent increase from the Bank of England.
FINANCIAL SUMMARY
The profit for the year amounted to £42 compared with profit of £104 for the year to December 2017. The 2018 season was better, weather wise, and therefore more anglers ventured out as can be seen by the increased permit sales. I was able to depreciate £2,301 (£754 in 2017).
Net Current Assets at December 2018 amounted to £20,006 compared with £18,731 at December 2017. I also amalgamated the Junior funds and the residue of SNH funds into the club’s assets.
SUBSCRIPTIONS
I have to compile my report ahead of the Auditor’s scrutiny and last year I recommended no increases.
With the financial situation of the club as detailed above, I am pleased to recommend no change for the 2019 season from the current tariffs.
The Annual Membership tariff would therefore remain:
£ 3.00 for Juniors under 18, who must fish with an adult;
£25.00 for Adult members;
£20.00 for even more experience aged (65+) Adult members.
Members are reminded that the Annual subscriptions are due at the AGM, but can be paid direct to the Treasurer.
FINALLY
I would also like to repeat my thanks to George Munro, who still continues to perform the auditors’ role out of the kindness of his heart.
Richard Dickenson
Treasurer
DORNOCH & DISTRICT ANGLING ASSOCIATION
INCOME & EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2018
31-Dec-18 31-Dec-17
INCOME £ £
Membership Subscriptions 2,238 2,238
New Member Fee 290 200
Permits
Members 3.282 2,901
Visitors 1,744 1,698
totals 7,669 7,037
Angling Booklet 20 33
Donations 311 720
Annual Outing 182 95
Bank Interest 200 131
Other Income 0 0
Total Income 8,382 8,016
Expenditure
Fishing Rents
Cambusmore Estate 270 270
Sutherland Estates 350 350
W G Thomson 300 300
Birichen Estate 350 350
Sub Total 1,270 1,270
Fishing Rates; River Evelix 79 79
TOTAL Rent & Rates 1,349 1,349
General Expenditure
Restocking 3,594 3,952
Repairs & Maintenance 67 40
Insurance 354 341
A.G.M. Expenses (Catering) 172 151
Competition Entry 30 30
Sutherland Sports Council 15 15
Secretary's Honorarium 300 300
Boat Convenor's Honorarium 75 75
Trophies & Engraving 28 149
Advertising Printing Postage -20 586
Chairman's Expenses 10 10
Treasurer's Expenses 10 10
Road Convenor's Expenses 30 30
Gratuities 25 120
Depreciation 2,301 754
TOTAL EXPENDITUE 8,340 7,912
SURPLUS FOR THE YEAR 42 -104
DORNOCH & DISTRICT ANGLING ASSOCIATION
CAPITAL ACCOUNT FOR YEAR ENDED 31 DECEMBER 2018
N.B.V. Boat Fund N.B.V.
all in £ 01 Jan 2018 Additions Received Depreciation 31 dec 2018
Fixed Assets
Pioneer 1 0 1
"Angus Murray" 1 0 1
"Pheadair" 1 0 1
"Captain Bob" 1 0 1
Other Boats 1 0 1
"Dr J R J" 1 0 1
"Judi G" 1 0 1
"Balloan" 1 0 1
"Thomson" 1,400 500 900
Coulam " " 2,370 660 710 1000
Simpson 12' 200 199 1
Simpson 15' 250 249 1
NEW Laoigh Shed 1,143 643 500
Lannsaidh Shed 1 0 1
Echo soundr, Pumps 1 0 1
Life Jackets 1 0 1
Lannsaidh Loo 1 0 1
Solar Lighting 1 0 1
Electronic Scales 1 0 1
Totals 5,377 0 660 2,301 2,416
CURRENTS ASSETS
Bank Account 3,906
Deposit 13,500
Junior Section 0
Debtors and Prepayments 184
Sub Total 17,590
CURRENT LIABILITIES
Creditors 0
Sub Total 17,590
NET CURRENT ASSETS 20,006
Represented by:-
Balance as at 01 January 2017 19,964
Add Surplus (Deficit) for Year 42
Balance as at 31 December 2017 20,006
The Association should continue its efforts to find a bank which will take a deposit in the name of the Association rather than the name os the Treasurer's wife, as at present.
George Munro
Auditor